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About Amp Robotics
Industries
Data & Analytics
Robotics & Automation
Social Impact
Company Size
201-500
Company Stage
Series D
Total Funding
$255.5M
Headquarters
Louisville, Colorado
Founded
2014
Overview
AMP Robotics focuses on enhancing the recycling industry through the use of artificial intelligence and automation. Their technology identifies and recovers recyclable materials quickly and accurately, which boosts the efficiency of recycling processes worldwide. By analyzing billions of images, AMP Robotics gathers data on various materials and automates the recovery of difficult-to-recycle items. The company differentiates itself from competitors by offering AI-powered robots that help clients, such as businesses and governments, achieve higher recycling rates and manage waste more effectively. For example, their technology helped a client improve the purity of recycled materials to meet specific recycling goals. AMP Robotics aims to create a circular economy by turning waste into reusable resources, making recycling more economically viable and sustainable for its clients.
Simplify's Take
What believers are saying
- AMP secured $91 million in Series D funding, boosting its growth potential.
- The company has over 400 AI systems deployed globally, showcasing its market reach.
- Growing demand for AI-powered recycling solutions supports AMP's business model.
What critics are saying
- Increased competition in AI recycling could threaten AMP's market share.
- Potential regulatory changes may require costly adjustments to AMP's operations.
- Supply chain disruptions could delay AMP's AI system production and deployment.
What makes Amp Robotics unique
- AMP Robotics uses AI to enhance recycling efficiency and material recovery.
- The company digitizes billions of images for precise material identification and sorting.
- AMP's technology transforms waste into reusable commodities, supporting a circular economy.
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Funding
Total Funding
$255.5M
Above
Industry Average
Funded Over
7 Rounds
Industry standards
Benefits
Medical, dental & vision coverage
Short & long term disability
401(k)
Flexible time off
Seven paid holidays
Growth & Insights and Company News
6 month growth
↑ 154%1 year growth
↑ 93%2 year growth
↑ 85%Colorado-based AMP said it has installed hundreds of systems across three continents. | Source: AMP. 2024 marked a period of change for AMP Robotics Corp. The company started the year by dropping the “robotics” from its name to highlight its expanded portfolio of offerings. Later in the year, it welcomed Tim Stuart, the former chief operating officer of Republic Services Inc., as its new CEO. These changes, however, didn’t slow AMP’s progress
This week in artificial intelligence, shopping assistants emerged across major tech platforms. Meanwhile, recycling firm AMP secured $91 million for sorting robots, FlexPoint sped up payment processing, and Puma released its first AI-designed sneaker. The tech developments signal shifts in how consumers buy, businesses process money and industries handle waste
AMP Robotics has secured a $91 million Series D funding round led by Congruent Ventures. The round included participation from investors such as Sequoia Capital, XN, Blue Earth Capital, Liberty Mutual Investments, CalSTRS, Wellington Management, Range Ventures, and Tao Capital Partners. AMP Robotics specializes in AI-powered sortation for the waste and recycling industry, with over 400 AI systems deployed globally.
Denver-based Amp, a leading provider of artificial intelligence-, or AI-, powered sorting for the waste and recycling industry, has raised $91 million in corporate equity in a Series D financing led by San Francisco-based Congruent Ventures.
Since its founding, Amp has introduced a variety of AI-enabled technology, from the Cortex-C, a compact version of its robotics system, to Vortex, which targets and recovers film and flexible packaging.
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About Amp Robotics
Industries
Data & Analytics
Robotics & Automation
Social Impact
Company Size
201-500
Company Stage
Series D
Total Funding
$255.5M
Headquarters
Louisville, Colorado
Founded
2014
Amp Robotics is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today